If you are thinking, what new things we can expect in the upcoming 2022, we need to trace back to the source of such hits and trials — the pandemic. Experts say the “new world order” we are all going to see in 2022 will not only be driven by what we learnt from the previous year, but it will be an amalgamation of both the years 2020 and 2021.
Several in the Information Technology (IT) sector proved that it’s a general practitioner of all experiments. You name it, firing in bulk, it’s IT. Hiring in thousands, it’s IT. Announcing permanent work from home (WFH), its tech sector, among others.
And if you are thinking, what new things we can expect in the upcoming 2022, we need to trace back to the source of such hits and trials — the pandemic. Experts say the “new world order” we are all going to see in 2022 will not only be driven by what we learnt from the previous year, but it will be an amalgamation of both the years 2020 and 2021.
The IT sector saw a drastic change in its talent management strategy – from mass layoffs in 2020 to mass recruitment in 2021. As per Monster Employment Index data, compared to June 2021, July 2021 witnessed an overall monthly growth of 4 per cent in hiring. While, overall job postings have also improved by 8 per cent year-on-year.
According to the report, the IT – Hardware, Software industry witnessed the highest growth year-on-year with 39 per cent increase in the hiring of professionals, with a notable growth in metropolitan cities.
To tackle the surge in the demand for resources, companies are investing in fresher hiring, and also upskilling existing talent, feels Shyam Verma, Global HR Head at JK Tech. “Multiple reports talk about a 12 per cent surge in the HR market in the next 6 years,” he said.
Verma said there was an expedited demand in 2021 for specific capabilities and skill sets across the IT job market, due to the massive digitalization wave that was felt globally. “Adapting to the digitised trends was not difficult for the IT Industry. But HR operations also had to be made effective and agile, to meet the high demand and unique skill set,” he added.
Thendral Rajendran, Vice President and Regional Head – Talent Acquisition, CSS Corp, is of a different view. She believes the market is employee-driven now and attracting top-notch talent, increasing their knowledge and skills, retaining them becomes a key factor for any organisation which strives for growth.
In October 2021, CSS Corp announced it is looking to hire 3,000-odd employees this financial year, out of which approximately 60 per cent will be for its India footprint. A majority of the hiring is to be focused on engineers. The company is also looking to hire non-engineering graduates.
“We are no different as we continue to put in our efforts to sustain our 25-30 per cent YOY growth. With new engines of growth emerging, we will definitely look to sustain hiring for some time,” Rajendran said.